Bitcoin Price (BTC) Higher After U.S. Inflation Data

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Stephen  Alpher
Binance

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Prior to this morning’s report, traders were pricing in about an 86% chance the Fed would hold rates steady at its next meeting in mid-December, and there’s roughly a 75% chance of a continued pause at the January meeting, according to the CME FedWatch Tool. Shortly after the data, the odds of a December pause rose to 99.5% and for a January pause to 95.6%.

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